First, it's a recorder-monitor, but the initial, basic configuration is as a monitor only. What this means is that it does have to be a good monitor, and the specs do indeed look pretty decent. It's a 7.7" OLED with 1280x800 pixels and a 3400:1 contrast ratio. The fact that it's OLED means that blacks will really look black.
But it can also be configured as a recorder. Essentially, it's a modular system that can be built for the job in hand. This modularity even goes as far as allowing you to license specific codecs for a day at a time if you want!
Up to 4 x SDI inputs
It has both HDMI and SDI with HDMI supporting 1080p60 4:2:2 8 bit.
The monitor includes Focus Assist, YRGB Waveform, Histogram, False Color, Vectorscope, Zebras, H/V Flip/Flop, 1:1 Mode, Recticule Markers, Horizon Indicator
A more advanced model, the Odyssey 7Q adds the ability to monitor four streams in a quad-plot display
The 7Q also adds four stream recording, 4K support, high speed (120 fps) and simultaneous raw + proxy (DNxHD-36) mode.
The monitor supports ARRI, Canon and Sony LUTs
Server grade SSDs
Recording media is
2.5" professional server grade SSD in 240/480/960 GB sizes,
500MB/sec read/write speed, SATA-3 (6 Gbit/s) interface,
compatible with off the shelf USB 3.0 and Thunderbolt adapters
It's very thin - only 7.9" x 6.1" x 1.0" (200 x 155 x 25 mm), measured from end of BNC to SSD tabs
Summing it up
A fully-fledged OLED field monitor with focus assist and video analysis tools.
An SSD recorder that has SDI (up to quad on the 7Q) and HDMI, and which can record 4 streams at once or high speed up to 120 FPS.
The 7Q can record 4K.
Support for ARRI, Canon and Sony LUTS.
Price starts at $1295 for the monitor only.
We'll be talking to Convergent Designs at NAB and will bring you more details then but we can already see that this is a very significant product announcement. Just an SDI OLED monitor would normally cost more than this - although we'd imagine this could cost a lot more than the initial $1295 by the time all the options (and the speedy storage media) have been added.